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OneStopPlus launches $465 million term B at Libor plus 350-375 bps
By Sara Rosenberg
New York, March 4 - OneStopPlus Group launched on Tuesday its $465 million seven-year term loan B (B1/B) with price talk of Libor plus 350 basis points to 375 bps with a 1% Libor floor and an original issue discount of 991/2, according to a market source.
The B loan has 101 soft call protection for six months, the source said.
Commitments are due on March 13.
Goldman Sachs Bank USA, Jefferies Finance LLC and BMO Capital Markets are the lead banks on the deal.
Proceeds will be used to refinance existing debt and fund a dividend.
OneStopPlus is a New York-based catalog retailer and online marketplace for plus-size consumers.
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